PECAN ACRES 23 PSA 1

PECAN ACRES 23 PSA 1 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 2 wellbores on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 947,807 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.7M, with roughly $805K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 1,457 barrels a month, about 729 per wellbore. Its strongest month on the record we hold was May 2016, at 38,370 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.

Key facts about PECAN ACRES 23 PSA 1

Who operates PECAN ACRES 23 PSA 1?: PECAN ACRES 23 PSA 1 is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
Where is PECAN ACRES 23 PSA 1?: PECAN ACRES 23 PSA 1 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47494.
Is PECAN ACRES 23 PSA 1 still producing?: PECAN ACRES 23 PSA 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PECAN ACRES 23 PSA 1 is August 2026.
How much has PECAN ACRES 23 PSA 1 produced?: PECAN ACRES 23 PSA 1 has reported 947,807 barrels of oil (bbl) to the Railroad Commission of Texas between November 2015 and August 2026, from 2 wellbores.
How much is PECAN ACRES 23 PSA 1 worth?: The remaining production from PECAN ACRES 23 PSA 1 is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PECAN ACRES 23 PSA 1 is a fraction of it. The estimate fits an Arps decline curve to the production PECAN ACRES 23 PSA 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PECAN ACRES 23 PSA 1 is an estimate of value, not an offer and not an appraisal.
How much income does PECAN ACRES 23 PSA 1 generate in a year?: PECAN ACRES 23 PSA 1 is forecast to net about $805K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PECAN ACRES 23 PSA 1 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

PECAN ACRES 23 PSA 1 as filed with the Railroad Commission of Texas
Operator	Callon Petroleum Operating Co
Field	Spraberry (Trend Area)
County	Midland County, Texas
RRC district	08
Lease number	47494
Wellbores	2
Reported production	947,807 bbl
First reported	November 2015
Last reported	August 2026
Estimated royalty value	$1.7M

Where PECAN ACRES 23 PSA 1 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.